This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Highlights of the FASB’s August 21 meeting

  • FASB meeting Image

Aug 22, 2019

At its August 21, 2019, meeting, the FASB discussed (1) hedging — last-of-layer method and (2) reporting of gifts-in-kind by not-for-profit entities.

Hedging — Last-of-layer method

During this educational session, the Board discussed issues related to accounting for basis adjustments and multiple-layer hedging strategies under the last-of-layer method. No decisions were made.

For more information, see the tentative Board decisions on the FASB’s Web site.

Reporting of gifts-in-kind by not-for-profit entities

The Board decided to add a project to its technical agenda to address the presentation and valuation of gifts-in-kind (GIKs) received by not-for-profit organizations. The project aims “to provide additional transparency in the reporting of GIKs through potential enhancements to presentation and disclosure.”

For more information, see the tentative Board decisions on the FASB’s Web site.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.